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HR 7221
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Stopping Wall Street From Competing With Main Street Homebuyers Act

To amend the Investment Company Act of 1940 to prohibit certain large private funds and registered investment companies from purchasing single family homes.

Introduced Jan 22, 2026

Latest action (Jan 22, 2026) Referred to the House Committee on Financial Services.

Referred to
Financial Services Committee
Policy area
Finance and Financial Sector
Issues
Economy & TaxesHousing

Summary
  • This bill prohibits large private funds, registered investment companies, and real estate investment trusts from purchasing single family homes, effective 90 days after enactment.
  • The bill defines covered funds as those with $500 million or more in assets under management, or that owned 100 or more single-family homes or purchased 5 or more homes in a 30-day period in the prior year.
  • Covered funds that currently own single family homes must divest all such properties within 10 years of enactment.
  • Covered funds must divest at least 10 percent of their single family home holdings annually during the 10-year divestment period.

AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.

Sponsor (1)

Money behind the sponsor

Top reported contributors to Anna Paulina Luna’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.

  • RED APPLE GROUP $14,652
  • ULINE $13,200
  • BRODIE GENERATIONAL CAPITAL PARTNERS $13,200
  • SAULSBURY INDUSTRIES $9,900
  • INTERACTIVE BROKERS $9,900

Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Anna Paulina Luna → · Outside spending →

Actions (2)
  1. Jan 22, 2026 Referred to the House Committee on Financial Services. · house
  2. Jan 22, 2026 Introduced in House

Similar bills (6)

Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.

  • HR 7138 — Stop Wall Street Landlords Act of 2026 · Introduced Jan 16, 2026 · Cong. 119 81%
  • HR 7186 — American Family Housing Act · Introduced Jan 21, 2026 · Cong. 119 76%
  • HR 7586 — American Families First Act · Introduced Mar 2, 2026 · Cong. 119 72%
  • HR 9657 — Protecting American Homes from Hedge Funds Act · Introduced Jul 13, 2026 · Cong. 119 69%
  • HR 6962 — Families First Housing Act of 2026 · Introduced Jan 7, 2026 · Cong. 119 67%
  • HR 9540 — Community Housing Act of 2026 · Introduced Jun 30, 2026 · Cong. 119 64%

Full text

IN THE HOUSE OF REPRESENTATIVES

January 22, 2026

Mrs. Luna introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To amend the Investment Company Act of 1940 to prohibit certain large private funds and registered investment companies from purchasing single family homes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the “Stopping Wall Street From Competing With Main Street Homebuyers Act”.

SEC. 2. RESTRICTIONS ON PURCHASING SINGLE FAMILY HOMES.

The Investment Company Act of 1940 (15 U.S.C. 80a-1 et seq.) is amended by inserting after section 12 the following:

“SEC. 12A. RESTRICTIONS ON PURCHASING SINGLE FAMILY HOMES.

“(a) In General.—Beginning on the date that is 90 days after the date of the enactment of this section, a covered fund may not purchase a single family home.

“(b) Divestment Required.—

“(1) In general.—Not later than 10 years after the date of the enactment of this section, a covered fund may not hold (including through a subsidiary or parent company) any single family homes.

“(2) Phased divestment.—In the case of a covered fund that holds single family homes on the date of the enactment of this section, such fund shall, annually for the 10-year period following such date of enactment, divest of at least 10 percent of such single family homes.

“(c) Definitions.—In this section:

“(1) Covered fund.—The term ‘covered fund’ means a registered investment company, real estate investment trust, or private fund—

“(A) with more than $500,000,000 in assets under management; or

“(B) that, during the 1-year period before the date of the enactment of this section—

“(i) owned 100 or more single-family homes in the United States; or

“(ii) purchased more than 5 single-family homes in the United States in a 30-day period.

“(2) Private fund.—The term ‘private fund’ means an issuer that would be an investment company, but for paragraph

(1) or (7) of section 3(c).

“(3) Single family home.—The term ‘single family home’ means a residential structure or mobile home which contains one family housing unit.”. <all>

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